PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1182444
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1182444
According to SPER Market Research, the Global Fishmeal and Fish Oil Market is estimated to reach USD 19.97 billion by 2032 with a CAGR of 5.14%.
Fishmeal is a high-protein feed used in aquaculture systems. They are mainly used as feed additives for fish and animals. Fish oil is obtained by wet pressing. Fish oil and fishmeal are high-protein ingredients found in fish and livestock feed. The fish oil omega-3 market is driven by research and development efforts aimed at improving sourcing practices and improving omega-3 extraction processes in order to sustainably reduce fatty acids and streamline the entire industry value chain.Health professionals around the world have significantly increased the recommended daily intake of omega-3 fatty acids, resulting in increased fish oil consumption. Increasing awareness of the health benefits of omega-3 fatty acids, of which fish oil is the primary source, is also driving the market. Fish oil has set new trends and conquered the health market. As the aquaculture and agriculture industries grow, the fish feed and oil market will grow proportionately during the forecast period.
COVID-19 is a unique global public health emergency that has affected nearly every industry, and the long-term impact is expected to impact industry growth during the forecast period. Ongoing research is expanding the research framework to ensure that underlying COVID-19 issues and potential future avenues are included. The report provides insights on COVID-19 by considering changes in consumer behaviour and demand, purchasing patterns, supply chain reorientation, current market force dynamics, and significant government interventions.